Mr. John Ricci reports

DANAVATION TECHNOLOGIES HIGHLIGHTS FOR 2023 AND PLANS FOR 2024

Danavation Technologies Corp. is highlighting some achievements in 2023 and future plans heading into 2024 and how it intends to grow the business and gain market share.

New customers

Danavation is proud to announce strategic partnerships with brands such as Grady White Boats, MPL Group, Greco Fresh Markets and more. As it approaches the new year, the increase of information about Digital Smart Labels among customers is increasing along with demand. With the consistent rise in goods, businesses need to stay competitive by creating efficiencies at the store level by minimizing costs spent and achieving more output that benefits a customer or the bottom line. Digital Smart Labels help stores meet those challenges head-on by providing businesses with the capabilities to react quickly to price changes, streamline operations and ultimately boost their revenue.

Growing customers

Building on the successful deployments with industry giants such as ACE and True Value, Danavation continues to deploy its Digital Smart Labels solution across these banners and along others in the home renovation and hardware industry. Across the industry verticals including grocery, hardware, retail and warehousing, its deployments have opened opportunities to scale as the company continues to provide value and solutions that bring operational efficiencies.

The shift to digital is not just a trend but a strategic move that brings about operational efficiency, cost-effectiveness and a heightened customer experience. This industry recognition is a testament to the value that Danavation brings to the table and highlights its commitment to staying at the forefront of technological advancements.

Verticals

Danavation is rapidly expanding its footprint, not only in the hardware industry but also in warehousing, manufacturing and more. The transition to digital labelling solutions in each sector is unlocking immense value, revolutionizing traditional processes and bringing forth unparalleled benefits.

Sector-specific benefits:

• Hardware industry: Streamlining operations and inventory management through digital labelling solutions, automating promotions and in-store specials, and enhancing overall efficiency for hardware retailers;
• Warehousing: Implementing digital labelling solutions to optimize logistics, automate repetitive tasks, and ensure seamless inventory tracking and management;
• Manufacturing: Improving production line processes by eliminating paper with digital signage, and optimizing supply chain operations through inventory management.

This diversification underscores Danavation's commitment to tailoring solutions that address the unique needs of each sector. The company's digital offerings are not just a one-size-fits-all solution but a versatile suite of tools designed to maximize efficiency and drive growth across various industries.

Expanding the sales team

Danavation proudly announces the expansion of its sales team in western regions, with a particular emphasis on the liquor, home renovation and hardware industries in Alberta, British Columbia and Yukon. The company's dedicated team in the west will bring specialized expertise to the liquor industry, collaborating closely with businesses to enhance their retail experiences, optimize inventory management and drive overall efficiency. Simultaneously, a significant emphasis will be placed on the hardware sector, where the company's team will actively engage with businesses to provide tailored solutions that automate pricing processes, streamline operations and elevate customer satisfaction.

This expansion not only underscores Danavation's commitment to supporting local businesses but also positions the company to offer a distinct advantage in terms of local sales and support. By having a dedicated team on the ground in these regions, Danavation can provide personalized assistance, fostering strong relationships and driving growth in these key industries and beyond.

About Danavation Technologies Corp.

Danavation Technologies is a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America. The company's Digital Smart Labels, powered by IoT automation technology and software platform-as-a-service (PaaS), enables companies across various sectors to automate labelling, price, product and promotions in real time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. By empowering the adoption of smart retail, smart cities and industry 4.0, Danavation's goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. Danavation has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including health care providers, manufacturing and logistics companies.

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